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NSE Weekly Market Review – Week 03, 2021

Activity on the Nairobi Securities Exchange was higher this week with the overall market activity closing on the positive by the end of Friday. Turnover on the bourse posted a 27.07% growth with Kes.2.65 billion value of shares traded, up from the Kes.2.09 billion worth of shares transacted in the preceding week.

The benchmark All Share Index of the Nairobi Securities Exchange (NASI) closed the week at 154.84, representing a 1-week loss of 2.12%, a 4-week gain of 3.35%, and an overall year-to-date gain of 1.79%.

The NSE 20 share index was down 32.47 points or 1.69% to close the week at 1,887.23 points, the NSE25 share index similarly shed 57.36 points or 1.64% from last week’s close to stand at 3,432.28. The NSE 20 and the NSE25 share indices have gained by 1.01% and 0.5% respectively in year to date performance.

Number of shares traded on the market was higher, with 79.8 million shares trading, a 16.94% increase in the volume of shares traded from last week’s 68.24 million traded shares. The market capitalization closed the week at Kes.2.38 trillion, a 2.12% decrease from last week’s Kes. 2.43 trillion.

The Banking Sector came in top in activity with shares worth Kes.1.2 billion transacted, accounting for 46.56% of the week’s traded value. KCB Group Plc slipped by 2.44% to Kes.36.00 with shares worth Kes.552 million transacted. Equity Group Holdings Plc moved 12 million shares valued at Kes.459 million and closed the week at Kes.37.20.

The telecommunications sector was second with Safaricom Plc declining by 2.74% to Kes.35.55, down from Kes.36.55 posted in the previous week, the company had shares valued at Kes.843 million transacted; this represented 31.80% of the week’s traded value on the NSE.

Express Kenya Plc was the week’s top gainer, adding 12.69% in shareholder wealth to close the week at a price of Kes 3.73 per share while Eveready East Africa Plc bottomed out as the week’s top looser, shedding 13.45% in share price performance to close the week at Kes 1.03 per share.

The NSE 20 Share index one year performance chart

The Derivative Market of the Nairobi Securities Exchange closed the week with a total of 58 contracts valued at Kes.2.6 million transacted, this was a decline in transaction value from the 64 contracts valued at Kes.1.9 million posted in the preceding week.

Trading on the secondary bond market at the Nairobi Securities Exchange posted a 36.99% decline in activity with Kes.4.88 billion worth of bonds traded against the Kes 7.75 billion worth of bonds transacted in the previous week.